Answered

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By taking this course, you will lose about ten hours per week of family time. What do economists call this type of cost—the value of what we must forgo to attain something else?

Select one:
A. A fixed cost
B. None of the listed answers
C. A sunk cost
D. An opportunity cost: the value of what we give up
E. The cost of barter

Sagot :

GinnyAnswer

Final answer:

Opportunity cost is the value of what must be given up to attain something else, such as sacrificing family time for a course.


Explanation:

Opportunity cost is the term economists use to describe the value of what must be forgone to attain something else. It represents the next best alternative that is given up when a decision is made. For example, choosing to take a course that results in losing family time entails an opportunity cost of the time spent with family.


Learn more about Opportunity cost here:

https://brainly.com/question/37051624


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